Inter & Co. Inc. (NASDAQ:INTR) Given New $9.00 Price Target at JPMorgan Chase & Co.

Inter & Co. Inc. (NASDAQ:INTR) had its price target reduced by JPMorgan Chase & Co. from $11.00 to $9.00 in a research note published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Inter & Co. Inc. from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group dropped their price target on shares of Inter & Co. Inc. from $11.90 to $10.40 and set a “buy” rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group dropped their price target on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Inter & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.23.

Inter & Co. Inc. Trading Up 6.7%

NASDAQ INTR opened at $6.40 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $2.82 billion, a PE ratio of 10.67, a P/E/G ratio of 0.25 and a beta of 1.02. Inter & Co. Inc. has a one year low of $5.91 and a one year high of $10.36. The firm’s fifty day moving average is $7.97 and its two-hundred day moving average is $8.55.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.34%. The business had revenue of $437.96 million for the quarter, compared to analyst estimates of $495.33 million. Analysts expect that Inter & Co. Inc. will post 0.77 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTR. Wasatch Advisors LP grew its position in Inter & Co. Inc. by 170.8% during the fourth quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock worth $130,466,000 after buying an additional 9,704,435 shares during the period. SPX Gestao de Recursos Ltda grew its position in Inter & Co. Inc. by 1,059.2% during the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock worth $32,029,000 after buying an additional 3,676,696 shares during the period. Marshall Wace LLP grew its position in Inter & Co. Inc. by 62.7% during the fourth quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock worth $65,588,000 after buying an additional 2,981,210 shares during the period. William Blair Investment Management LLC grew its position in Inter & Co. Inc. by 60.6% during the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock worth $47,447,000 after buying an additional 2,110,861 shares during the period. Finally, WCM Investment Management LLC grew its position in Inter & Co. Inc. by 21.3% during the third quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock worth $98,135,000 after buying an additional 1,862,169 shares during the period. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co. Inc. News Roundup

Here are the key news stories impacting Inter & Co. Inc. this week:

• Positive Sentiment: Inter & Co. unveiled a new long-term strategic framework centered on the “Rule of 50,” aiming to balance faster growth with profitability over the next three years. Investors may view the updated plan as a sign that management is prioritizing durable earnings expansion and improved return on equity. Article Title
• Positive Sentiment: Some commentary highlighted that INTR may be oversold after its recent decline, with analysts still pointing to potential upside if earnings estimates continue to improve. That can support a rebound thesis for investors looking for a valuation reset. Article Title
• Neutral Sentiment: JPMorgan cut its price target on Inter & Co. from $11 to $9, but kept an overweight rating. The lower target may limit enthusiasm, though the stock still implies meaningful upside from current levels. Article Title
• Neutral Sentiment: Goldman Sachs also reduced its price target on the stock, suggesting analysts are becoming a bit more cautious on near-term valuation despite maintaining coverage. Article Title
• Neutral Sentiment: Short-interest data showed no shares reported for the latest period, making it unlikely to be a meaningful driver of the stock on its own. Article Title

About Inter & Co. Inc.

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.